Saturday, April 16, 2011

Bankrupt in Philly


The Philadelphia Orchestra, facing a $13 million gap between income and expenditures, is filing for Chapter 11 bankruptcy protection. The orchestra's musicians protested the action by the management and board, The Philadelphia Inquirer's Peter Dobrin reports:

http://www.philly.com/philly/entertainment/20110416_Philadelphia_Orchestra_seeks_bankruptcy_reorganization.html